India's GDP Growth Forecast at 6.4% for Q3 FY2025: ICRA

ICRA projects India's GDP to grow by 6.4% in Q3 FY2025, up from 5.4% in Q2, driven by increased government spending and improved investment activity. This growth is attributed to enhanced capital expenditure, high services exports, and a turnaround in merchandise exports. The government's capex surged to a six-quarter high of 47.7% in Q3. However, ICRA has revised its annual GDP growth projection for FY2025 to 6.8%, down from the previous year's 8.2%. The forecast considers factors such as uneven consumption and the impact of recent elections on government spending.
Source: The Economic Times,